Range Resources’ 1Q18 net income estimates
Range Resources (RRC) is scheduled to report its 1Q18 earnings on April 25, 2018, after the market closes. For 1Q18, excluding any one-time items, the current consensus net income estimate for Range Resources is ~$105 million. On a YoY (year-over-year) basis, Range Resources is expected to report ~72% higher profits compared to the adjusted net income of ~$61 million in 1Q17. On a sequential basis and excluding any one-time items, Range Resources’ 1Q18 consensus net income estimate is ~91% higher than the profit of ~$55 million in 4Q17.
Based on the current consensus net income estimate, Range Resources is expected to report a quarterly profit for the sixth consecutive quarter in 1Q18.
1Q18 EPS estimates
For 1Q18, excluding any one-time items, Wall Street analysts’ current consensus EPS (earnings per share) estimate for Range Resources is $0.43. On a YoY basis, Range Resources’ 1Q18 current consensus EPS estimate is higher by $0.18 compared to an adjusted EPS of $0.25 in 1Q17. Sequentially, Range Resources’s 1Q18 current consensus EPS estimate is higher than $0.21 in 4Q17.
Marathon Oil (MRO), which has operations in unconventional resources in the US, is expected to report a net profit of ~$98 million in 1Q18—much better than its loss of ~$57 million last year. Marathon Oil’s current EPS estimate for 1Q18 is ~$0.13.
In this series
In this series, we’ll discuss Range Resources’ revenue expectations, production guidance, and cash flow estimates. We’ll also discuss the odds of Range Resources beating its EPS expectations.